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he is offering a full tloetd defense of his policies. we're going to bring it all to you live. >>> markets in rally mode. but can you trust them? we're going to look at where opportunity may lie in the faurt quart fourth quarter. >>> and inside facebook. inside the strategic changes the company has made internally since that troubled ipo. i'll see you at the top of the hour. now back to more "fast half." >>> look forward to seeing the fed chairman. >>> pops and drops. biggest movers in midday trading. sprint is dropping 3%. >> talk about a turnaround story. this one i've been in for a while. i trimmed around the $5 area. still long 20% of the position. when you talk about returning to profitability in the next couple years that gets investors excited. it used to be about m and armt. now it is just about returning to profitability. i'll still in the trade. >> citigroup did get a downgrade today. nevertheless the stock is higher by 2% -- actually now 1%. >> it's pulling back a little bit. it is all about valuation. they talk about the stoc
he is offering a full tloetd defense of his policies. we're going to bring it all to you live. >>> markets in rally mode. but can you trust them? we're going to look at where opportunity may lie in the faurt quart fourth quarter. >>> and inside facebook. inside the strategic changes the company has made internally since that troubled ipo. i'll see you at the top of the hour. now back to more "fast half." >>> look forward to seeing the fed chairman....
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Sep 30, 2012
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there's that and the defense budget. we are undertaxed. need to raise more revenues. do that by broadening the base and lowering rates and getting more revenue in. democrats need to compromise on entitlement reform and republicans need to compromise on taxes. again, it's not hard to figure out. it's just getting the political well encouraged to get the job done. >> they just can't come together. good to have you on the program. >> nice to see you. >> thank you so much. sheila bair joining us. >>> up next, do things go better with coca cola? the company's ceo thinks so. i'll talk to the head of the soft drink giant about bringing clean water to those around the globe. >>> well, this week in new york saw the eighth meeting of the clinton global initiative, the annual gathering of leaders and bold-faced names to address some of the globe's most challenging dilemmas. many in the developing world lack access to clean drinking water. ceo of the world's largest beverage company, coca cola, and the inventor of the segue let me in on their plans to quench that thirst. >> so ma
there's that and the defense budget. we are undertaxed. need to raise more revenues. do that by broadening the base and lowering rates and getting more revenue in. democrats need to compromise on entitlement reform and republicans need to compromise on taxes. again, it's not hard to figure out. it's just getting the political well encouraged to get the job done. >> they just can't come together. good to have you on the program. >> nice to see you. >> thank you so much. sheila...
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and a health care company ] ceradyne had been like all the defense contractors. more downgrades of defense contractors. anyone who knows this company knows they're an innovator. but when you're pulling back on the military, pulling back on cera dyne. >> accretive by a penny? >> lowered -- remember they said the goals became stretch goals. and the stock didn't get hit. this is an example after what we talked about at the beginning of the show. there's no real momentum there. >> deutsche is looking at ibm taking their price target up. >> another stock that's a huge dow leader. what i would tell you here is that this stock has very little resistance. accenture last week reported, these are remarkable. ibm has a mainframe cycle, too. the consulting companies are on fire because they save companies money whenever they bring them in. >> finally, i think we have time for credit suisse going to a sell on nokia. >> nokia, i'm trying to figure out where it stops. i could do one of those, mow, larry, curly things where i go on the floor. but i do think that nokia has minima
and a health care company ] ceradyne had been like all the defense contractors. more downgrades of defense contractors. anyone who knows this company knows they're an innovator. but when you're pulling back on the military, pulling back on cera dyne. >> accretive by a penny? >> lowered -- remember they said the goals became stretch goals. and the stock didn't get hit. this is an example after what we talked about at the beginning of the show. there's no real momentum there. >>...
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once in the organization and another plays defense. it is not the bears' defense. it is more the jets. you know what they are? they are on the punt pass. the season is over. >> two games left. >> there's a pup blast, a physically unable to perform list and microsoft is on the pup list. hewlett-packard is on there, dallas i.r. is there. >> are they career-ended injuries? >> come on, microsoft has a 3% dividend yield. >> sanchez just has to complete 3% of his passes. >> just keep going. >> i want to go with the man -- people didn't go for this. i'm going football metaphors. >> i thought it stayed on so i wasn't following. >>> let's talk american airlines. american airlines has temporarily grounded eight plans evaluated after seems became loose on two lanes in the last few dids. the investigators are the latest setback for america. they have been hurt in flight delays and cappslations causing travel agents to book flights with other airlines. of course, there a bitter dispute going on and a lot of the delays are pilot differentiated. americans lost could really be a g
once in the organization and another plays defense. it is not the bears' defense. it is more the jets. you know what they are? they are on the punt pass. the season is over. >> two games left. >> there's a pup blast, a physically unable to perform list and microsoft is on the pup list. hewlett-packard is on there, dallas i.r. is there. >> are they career-ended injuries? >> come on, microsoft has a 3% dividend yield. >> sanchez just has to complete 3% of his passes....
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in the defense sector, there's a real opportunity for savings by reducing service contracts. they're at record high levels. you know, like any other business tightening its belt, reduce our cost for outside vendors. some of these things can be, "a" done more efficiently with oversight and fewer cost overruns but always just done more cheaply. >> why do you think this isn't being done now? >> everything we have in our report is actually a low-hanging fruit substantively, but politically we have no illusions that these are all easy. everybody's got their constituency they're going to support. so these are things -- we need leadership. we need people to say this is the right thing. evidence doesn't support continuing to spend money on the osprey which has a 6% effective rate in combat. we can't have our troops using equipment that doesn't work. let's stop paying for it. we can't give money to industries that are incredibly profitable. so let's stop just giving money to people who have land that used to be farmed. let's stop the programs we can no longer afford and don't pack a p
in the defense sector, there's a real opportunity for savings by reducing service contracts. they're at record high levels. you know, like any other business tightening its belt, reduce our cost for outside vendors. some of these things can be, "a" done more efficiently with oversight and fewer cost overruns but always just done more cheaply. >> why do you think this isn't being done now? >> everything we have in our report is actually a low-hanging fruit substantively,...
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the law is that $460 billion is going to have to be cut out of defense. they should be planning for that now, because those cuts are supposed to begin on the first of january. those are facts. facts are stubborn things. since when do we disobey laws because we anticipate changes in the law? i have never heard of such a thing and i think it is outrageous to make that assumption because that's not how government's supposed to work. >> let me turn you, if i could, to the employment report of this morning, senator. i don't know whether you were able to hear the previous conversation -- >> yes. >> -- but jack welch tweeted out this morning that he basically doesn't believe these numbers, the 7.8% unemployment rate and he alleged that those numbers were manipulated by the administration. we just had a republican congressman on who believes the same thing. what's your opinion? what do you make of this number, and given what you see in your own backyard, does it ring true? >> well, i think that it's pretty significant that for the first time in nearly four years
the law is that $460 billion is going to have to be cut out of defense. they should be planning for that now, because those cuts are supposed to begin on the first of january. those are facts. facts are stubborn things. since when do we disobey laws because we anticipate changes in the law? i have never heard of such a thing and i think it is outrageous to make that assumption because that's not how government's supposed to work. >> let me turn you, if i could, to the employment report of...
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those countries -- europe does very little in the way of its own defense, et cetera. we are the primary drivers of defense spending in the entire world. we have a lot more to protect. so, to say they're doing business in europe doesn't answer the concerns of the united states. >> i'm not sure what the connection is there. hauwei sells commercial telecommunications infrastructure. this is the plumbing through which internet traffic takes place. we don't operate any networks. the gear they deploy is built to the same global standards as our competitors and all of it is being developeded and coded and built in china to a great extent. there are vulnerabilities, but they are universal. and anyone that would purport to suggest that you can resolve those by singling out a single company is actually creating a more dangerous cyber situation by lending to a false sense of security. >> all right, sir, thank you very much for appearing first on cnbc. >> thank you very much. >> coming up, will our children hate us because of our debt and deficit? the architect of greece's debt d
those countries -- europe does very little in the way of its own defense, et cetera. we are the primary drivers of defense spending in the entire world. we have a lot more to protect. so, to say they're doing business in europe doesn't answer the concerns of the united states. >> i'm not sure what the connection is there. hauwei sells commercial telecommunications infrastructure. this is the plumbing through which internet traffic takes place. we don't operate any networks. the gear they...
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. >> you what romney talking about wanting to spend more in defense. if you think that president obama is going to be re-elected. you don't want to be in ratheon, you're going to have to do a little selling. >> caller: i see that united health care purchased 90% of the brazilian health care companies down there, what do you see their stuff going from here and what do you think if romney's elected president? >> it's not as good if romney's elected president. because what happened is the health companies they went all in under obama. they did win. unh goes higher with president obama is re-elected. if you love playing kick the can as a kid, as i did, you should have adored as an investor in an industrial based company, the kick the can theory, our stocks go higher. >>> coming up , ipo stud or dud. but does this cloud play offer enough profit to bring investors back to the table. find out when you get to know this ipo. >>> and later, up, up and away? amazon has already sold almost 50% this year and google is up over 15%. but could these two market leaders
. >> you what romney talking about wanting to spend more in defense. if you think that president obama is going to be re-elected. you don't want to be in ratheon, you're going to have to do a little selling. >> caller: i see that united health care purchased 90% of the brazilian health care companies down there, what do you see their stuff going from here and what do you think if romney's elected president? >> it's not as good if romney's elected president. because what...
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what the white house is doing here is heading off the possible that defense contractors, particularly in virginia, which is a political state that is very much in play this year, would be getting notices at the beginning of november saying, hey, you might lose your jobs if we go over the fiscal cliff. the administration argues that those notices are not necessary under the w.a.r.n. act because the fiscal cliff doesn't necessarily have to come true. also, if it does happen, there's no guarantee that any one particular defense contractor would lose its contracts at the beginning of the year. so we're not in that 60-day window. republicans, for their part, disagree with that. they they contractors ought to be issuing some of these warnings, and they suspect there are political motives here behind the white house sending these notices out to the contractors, michelle. >> we got all kinds of conspiracy theories today. thank you. >> there's a lot of that going around today. >> yeah, there is. all right, stick around. >> we're just kicking things off on another jam-packed "closing bell." >>>
what the white house is doing here is heading off the possible that defense contractors, particularly in virginia, which is a political state that is very much in play this year, would be getting notices at the beginning of november saying, hey, you might lose your jobs if we go over the fiscal cliff. the administration argues that those notices are not necessary under the w.a.r.n. act because the fiscal cliff doesn't necessarily have to come true. also, if it does happen, there's no guarantee...
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in his prepared remarks, a full-throated defense of what he's done policiwise in the wake of the big financial crisis. we're going to bring it to you live. the fed and strong manufacturing numbers out today have the market squarely in rarely mode. the dow right now up 124 points, 1 13,561. >>> let's go where the action is. at the nyse. sue herera. >> as we wait for ben bernanke to begin that q&a session, we have a big stock market rally on our hands the first day of the trading quarter, up 123 points right now. bob pisani's joining me now on the floor. you're up a little sigh of relief there. a rally that's carried over to the u.s. but are the underpinnings here at home strong enough? >> new order xoen fent norcompo ism moved the market up in addition to follow-through from europe. the dow industrials were off the high 2-1 advancing to declining stocks. it was 3-1 earlier but you could see we've dipped a little just in the last 15 minutes or so. in terms of what's moving here, well, right across the board, pretty nice rally here. energy materials, industrials, even consumer staples p
in his prepared remarks, a full-throated defense of what he's done policiwise in the wake of the big financial crisis. we're going to bring it to you live. the fed and strong manufacturing numbers out today have the market squarely in rarely mode. the dow right now up 124 points, 1 13,561. >>> let's go where the action is. at the nyse. sue herera. >> as we wait for ben bernanke to begin that q&a session, we have a big stock market rally on our hands the first day of the...
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. >> meanwhile britain's largest businesses are adopting more defensive strategies. this is one of the latest findings of the deloitte cfo service. they were asked what their views are on the current operating environment. joining us with more, chief economist at deloitte. good to see you. i suppose we had a record second quarter of declines. >> confidence went through the floor back in june on the result of what's going on in the euro area. you've seen a bit of a bounce. risk appetite up is bit so i think cfos are looking at the same things the equity markets are looking at, qe-3 in the states, ecb bond buying. but the interesting thing is the underlying stock support is getting rather more defensive, they're more focused on cash. if respect. >> so what can he can to in terms of laying confidence?f re >> so what can he can to in terms of laying confidence?espe >> so what can he can to in terms of laying confidence?ct. >> so what can he can to in terms of laying confidence?. >> so what can he can to in terms of laying confidence? >> so what can he can to in terms of
. >> meanwhile britain's largest businesses are adopting more defensive strategies. this is one of the latest findings of the deloitte cfo service. they were asked what their views are on the current operating environment. joining us with more, chief economist at deloitte. good to see you. i suppose we had a record second quarter of declines. >> confidence went through the floor back in june on the result of what's going on in the euro area. you've seen a bit of a bounce. risk...
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>> bob, in your defense your producer came up with that. at least that's what she thinks of you. maybe that is not public perception. >> good point, kayla. why should we do it? because sprint wants ow spend $3 more a month. >> that i understand. >> you can't get away with not giving away yours, sue. >> i came up with star star mom! because that's all i heard all weekend was "mom!" but our producer changed it to anchormom. so we'll see. >> that's better. >> you think that's better? thanks, guys. >>> coming up in the next hour, you may have seen the story on "60 minutes" last night. we have a stop check on the italian company that basically controls the eyewear business. that's in the next hour right here on cnbc. so anyway, i've been to a lot of places. you know, i've helped a lot of people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place. geico®. fifteen minutes could save you fifteen percent o
>> bob, in your defense your producer came up with that. at least that's what she thinks of you. maybe that is not public perception. >> good point, kayla. why should we do it? because sprint wants ow spend $3 more a month. >> that i understand. >> you can't get away with not giving away yours, sue. >> i came up with star star mom! because that's all i heard all weekend was "mom!" but our producer changed it to anchormom. so we'll see. >> that's...
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i'm worried about one defensive back out there and that's the chart which indicates that union pacific won't be able to hold on to the ball. otherwise i'll keep the ball myself. maybe dump it off into cash. remember, you don't always need to pass it. the bottom line, i have now completed my check down of fourth quarter opportunities based on the third quarter and i've limited it to one player -- the wide receiver that's union pacific. i'll go to him to pick up a quick six points or maybe more. after the break i'll try to make you more money. >>> coming up, war on the web? the internet's tech giants have been locked in a battle for search supremacy but after poaching one of google's top guns is it finally time to say yes to yahoo!? should you search for a different stock? cramer decides. >>> later, industrial strength? prologis is at the center of the global supply chain operating a portfolio of distribution centers, warehouses and commercial real estate around the world. tonight, cramer is talking to the ceo to get a real read on the economy just ahead. >>> all coming up on "mad money.
i'm worried about one defensive back out there and that's the chart which indicates that union pacific won't be able to hold on to the ball. otherwise i'll keep the ball myself. maybe dump it off into cash. remember, you don't always need to pass it. the bottom line, i have now completed my check down of fourth quarter opportunities based on the third quarter and i've limited it to one player -- the wide receiver that's union pacific. i'll go to him to pick up a quick six points or maybe more....
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defensive nature to the sectors that were doing well today. the classic defensive plays, health care and utilities leading the way followed by everybody's favorite these day, telecom, because of that dividend play. the financials are squeaking out a gain at the close. peter costa, what do you make of this late comeback? >> we've seen the last few days where the market's been up and sold off towards the end of the day. this is just a reversal. i think towards the end of the day we've seen a lot of reversals. you know, short positions being covered. >> the spanish, we believe they'll eventually ask for help from the european central bank. >> get it over with. >> what does the market do when that finally happens? >> well, i think there will be a sigh of relief. one of the question marks that's been overhanging the market for the last six months will be answered. i would imagine it would be not fully answered, but it will be answered. i think the market will probably rally after that. i guess we'll go to earnings season and follow it through there
defensive nature to the sectors that were doing well today. the classic defensive plays, health care and utilities leading the way followed by everybody's favorite these day, telecom, because of that dividend play. the financials are squeaking out a gain at the close. peter costa, what do you make of this late comeback? >> we've seen the last few days where the market's been up and sold off towards the end of the day. this is just a reversal. i think towards the end of the day we've seen...
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and secondly, he has to put barack obama on the defensive. a big challenge there for him because the two are mutually contradictory. >> we're just looking at pictures there of mitt romney sans jacket, so trying to prove that he is the man next door. this has been the whole way through the campaign. gretchen, it is obama's to lose because he is in the lead. what do you think we're likely to see in terms of the tone of the debate and where each candidate will try and push this conversation? >> you know, i think the one who wins this debate will be the one who brings the other out of their comfort zone. president obama will not want to talk about his record, so romney will have a challenge in that and he should. he should challenge obama, try to get him to talk about his record, talk about his policies and how they have or have not worked. i think they will talk a little bit about how they have not worked. if we really want to continue those policies for the next four years. at the same time, romney needs to go in and talk about what his policie
and secondly, he has to put barack obama on the defensive. a big challenge there for him because the two are mutually contradictory. >> we're just looking at pictures there of mitt romney sans jacket, so trying to prove that he is the man next door. this has been the whole way through the campaign. gretchen, it is obama's to lose because he is in the lead. what do you think we're likely to see in terms of the tone of the debate and where each candidate will try and push this conversation?...
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when you look at utilities and health care consumer staples, there's been tremendous bidding up of defensiveness in the face of this resilient move. we've actually positioned, in terms of mutual fund and separate accounts, back into bonds until this hesitation and corrective period ends. >> ron, you call this a romney rally today, don't you? >> i think there's going to be no way to get around it. that's the headline of the day. if you look at the in trade probabilities of who's likely to be elected, president obama last week or so peaked at a 76% probability. this morning, it was down to 66% probability. romney moved up 10 percentage points. dan loeb on facebook had put last week out a note that you ought to buy the romney futures because they were so depressed. i don't know how the money works in that thing, but he made ten points on the upside. >> wonder what the capital gains treatment is on that. >> that's a good question. >> rick santelli, i haven't even talked about march you draghi. he had an impact on the markets early on today, didn't he? >> he definitely did. if i look at interest rate
when you look at utilities and health care consumer staples, there's been tremendous bidding up of defensiveness in the face of this resilient move. we've actually positioned, in terms of mutual fund and separate accounts, back into bonds until this hesitation and corrective period ends. >> ron, you call this a romney rally today, don't you? >> i think there's going to be no way to get around it. that's the headline of the day. if you look at the in trade probabilities of who's...
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that would let us cut defense spending. we would no longer need to spend hundreds of billions of dollars supporting other regimes. fourth, i would have the federal government take advantage of the low interest rate environment and issue $500 million in 30-year bonds to fix the nation's infrastructure. fifth, i would slap tariffs on goods made by countries. that would stop the endless parade of jobs migrating from our country to other countries. they have a ridiculous competitive advantage over us. six, i would insist there be a course in high school called money where kids could learn what money is, how to save, how to invest. people need education about the stock market. perhaps to find their own therapeutics. seventh, i would appoint a steven jobs memorial competitiveness czar to figure out how our businesses could be made more speft and find out what they need. not government handouts but trying to get educated engineers to help these companies. i would reappoint ben bernanke as chairman of the federal reserve. if it wer
that would let us cut defense spending. we would no longer need to spend hundreds of billions of dollars supporting other regimes. fourth, i would have the federal government take advantage of the low interest rate environment and issue $500 million in 30-year bonds to fix the nation's infrastructure. fifth, i would slap tariffs on goods made by countries. that would stop the endless parade of jobs migrating from our country to other countries. they have a ridiculous competitive advantage over...
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you're either on offense or defense, and last night barack obama was on defense. i was shocked we didn't hear about the 47%, they didn't hammer home the themes. he was searching at times for criticism on romney. romney kept him on the ropes. so issue after issue it was mitt romney on offense and the president on defense. >> try to dry some parallels, dan, to that debate between president bush and john kerry. kerry was largely seen at the time to have won at least debate number one. of course, we all know what eventually happened in that race. how much does last night move the polls, do you think? >> it will be interesting to see if it moves the polls. equally important, the psychology, fund-raising, all those aspects between now and -- re remember, this is not going well for him. next week will be the vice-presidential debate in which i think paul ryan will do quite well against joe biden. you could have the situation where they wrap up two debate victories before he gets back on the field. so whether the poll numbers move or not, we'll wait to see, buttal all the
you're either on offense or defense, and last night barack obama was on defense. i was shocked we didn't hear about the 47%, they didn't hammer home the themes. he was searching at times for criticism on romney. romney kept him on the ropes. so issue after issue it was mitt romney on offense and the president on defense. >> try to dry some parallels, dan, to that debate between president bush and john kerry. kerry was largely seen at the time to have won at least debate number one. of...
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one viewer says romney was in command trhful a georgia net tick, obama was defensive, evasive and tired. incoming president always has the disadvantage of being really busy running the country, as well. but thanks so much for your comments. do continue to write in and let me know what you think. that's it for today's show. thanks so much for watching "worldwide exchange." appreciate your company. >>> good morning. today's top stories, a clash of the candidates. president obama and mitt romney square off on policy differences including taxes, spending, entitlements, health care, education and more. it was a late night for everyone. in global market news, the ecb set to announce it latest policy decision. plus on the corporate front, 3m drop as deal for office products amid antitrust concerns and hp shares drop to a nine year low following a disp appointing outlook. it is thursday, october 4th, 2012, "squawk box" begins right now.
one viewer says romney was in command trhful a georgia net tick, obama was defensive, evasive and tired. incoming president always has the disadvantage of being really busy running the country, as well. but thanks so much for your comments. do continue to write in and let me know what you think. that's it for today's show. thanks so much for watching "worldwide exchange." appreciate your company. >>> good morning. today's top stories, a clash of the candidates. president...
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in the contraction camp, you're generally on the defensive side. the trade everybody's been talking about, jim you alluded to it, it's to play the u.s. market, play autos, housing, consumer staples. i call it the home depot trade. it's been a monster. that's the classic trade to play in these circumstances. i have a couple of problems with this. number one, cyclicals have outperformed defensive names in the last couple of months since this has been a very popular notion out there. since june overall, earnings and stocks have been somewhat negatively correlated. we've seen earnings come down and yet the stock markets continue to move up. in the last few weeks, really hold right near its highs. you can argue and there is certainly truth to that that that's because we have q.e. 3, because we've got the ecb in the market. but i look at the facts of where the market is, not necessarily what's been moving it every minute. that's what i see right now. today, the european bailout fund is coming into effect. if spain keeps going along the path, looks like i
in the contraction camp, you're generally on the defensive side. the trade everybody's been talking about, jim you alluded to it, it's to play the u.s. market, play autos, housing, consumer staples. i call it the home depot trade. it's been a monster. that's the classic trade to play in these circumstances. i have a couple of problems with this. number one, cyclicals have outperformed defensive names in the last couple of months since this has been a very popular notion out there. since june...
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defense market as well and impair the commercial prospects for the business. they've said this combination between these two stocks should not happen, not at least if you also have a dual listing t will also impair the liquidity for the stocks as well. that's a big private hairholder coming out, let alone the government shareholders can't agree on it either. and george osbourne, the uk chancellor is speaking at the conservative party conference expecting him to confirm another $10 billion in welfare savings. the key someone spain, 5.65% so yields are slightly lower once again as those yields stay at those levels the spanish government will say it's a fairly manageable situation at the moment so they will keep probably delaying having to ask for a bailout trying to get beyond a referendum in catalouna, a big region in spain. back to you guys. >> ross, last week when the spanish finance minister said that in front of a bunch of people they laughed at him? >> he was up the road, the london school of economics basically said we don't need a bailout and in spain wh
defense market as well and impair the commercial prospects for the business. they've said this combination between these two stocks should not happen, not at least if you also have a dual listing t will also impair the liquidity for the stocks as well. that's a big private hairholder coming out, let alone the government shareholders can't agree on it either. and george osbourne, the uk chancellor is speaking at the conservative party conference expecting him to confirm another $10 billion in...
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Oct 4, 2012
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i've put forth michigan and illinois as defense that plan doesn't work well in the long-term. >> all right, rick, thank you very much. just a couple of quick headlines that are coming out from the draghi conference, steve, i'll run through these with you, you can tell me the most important, talk about inflation expected to stay above 2% in 2012, money growth remaining subdued, economic growth to remain week, no shocks on any of these things. he says the omt decision helped alleviate tensions in recent weeks and that it is now essential that governments keep implementing steps to try and reduce imbalances. >> right, so he needs the spanish government to request this so he can do what he believes what needs to be done. that's why he's not independent anymore. above 2% inflation forecast may explain why the ecb defied some forecasts and not cut rates, brought that from 75 down to 50 or parody with the federal reserve. i think part of the problem is that the euro has been as strong as it's been. >> also saying the council firmly committed to preserving singleness of monetary policy. >> h
i've put forth michigan and illinois as defense that plan doesn't work well in the long-term. >> all right, rick, thank you very much. just a couple of quick headlines that are coming out from the draghi conference, steve, i'll run through these with you, you can tell me the most important, talk about inflation expected to stay above 2% in 2012, money growth remaining subdued, economic growth to remain week, no shocks on any of these things. he says the omt decision helped alleviate...
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Oct 5, 2012
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. >> in defense of the companies they did have what appeared to be earnings growth and earnings. >> right. >> it was in the distance for the quarter. >> like we were saying in the late '90s and 2000 was forget it. we have an idea and we were in refridge raising and now we moved into internet because it is similar and we're going public. >> how about yelp continues to go up because they're affiliated with apple and by the way, also, linkedin keep going. 140 times earnings and starting to get cheap. >> speaking of apple, today does mark the first anniversary of the death of steve jobs. apple's co-founder whose innovations, of course, transformed the technology giant into what's now the world's most valuable company. on its website today, apple has put together a montage of steve jobs in his own words. >> an ipod, a phone and an internet communicator. are you getting it? ♪ ♪ >> good morning. >> yes, i'd like to order 4,000 lattes to go, please. just kidding. wrong number. thank you. >> incredible to watch on the company's website, they say one of the greatest gifts steve gave to the worl
. >> in defense of the companies they did have what appeared to be earnings growth and earnings. >> right. >> it was in the distance for the quarter. >> like we were saying in the late '90s and 2000 was forget it. we have an idea and we were in refridge raising and now we moved into internet because it is similar and we're going public. >> how about yelp continues to go up because they're affiliated with apple and by the way, also, linkedin keep going. 140 times...
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>> we had a pretty darn good economy when we were playing bill clinton's tax rates and then it cuts defenses we haven't done in 30 years and entitlement programs. >> there's a few on the left that admit that going back to the clinton tax rates is not just for people who are 250, it's for everyone. >> i agree with that. >> $200 billion in the middle class from the bush tax cuts and $100 billion from the payroll tax cut -- >> it would do a lot. >> we should take our medicine, we should do it. >> that's where i think you're right. we have to -- any politician who says democrat or republican, we're going to get out of this without suffering some pain -- >> that's what we're hearing from paul krugman who says any democrat that goes along with the simpson/bowles. >> only for one reason, you shouldn't raise the -- you shouldn't raise the eligibility for medicare to 67. that makes no sense at all. but otherwise -- >> why doesn't it? >> because medicare is the only universal health care plan that we have in this country. and to raise it at the time when people are retiring is insane. and furthermore,
>> we had a pretty darn good economy when we were playing bill clinton's tax rates and then it cuts defenses we haven't done in 30 years and entitlement programs. >> there's a few on the left that admit that going back to the clinton tax rates is not just for people who are 250, it's for everyone. >> i agree with that. >> $200 billion in the middle class from the bush tax cuts and $100 billion from the payroll tax cut -- >> it would do a lot. >> we should...